Luis Sanchez Abarca Secures $2.1M Construction Loan From RBI For Development Site In Miami

The asset involved in this transaction is a development site located at 1500 Southwest 19th Street, Miami, covering an area of 6,425 square feet. The financial arrangement includes a loan amount of $2,100,000, classified as a construction loan with a duration of 2 years.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,100,000
• Lender: RBI
• Landlord: Luis Sanchez Abarca
• Broker: Nelson Lopez - LendingwithNelly

The loan is facilitated by lender RBI, with Luis Sanchez Abarca acting as the landlord in this transaction. The representation of the deal is provided by broker Nelson Lopez from LendingwithNelly, ensuring coordination between the parties involved.